Claims Related To Reduction In Benefits To Continue Against Purchaser

Mealey's (July 13, 2016, 1:41 PM EDT) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel on July 11 affirmed dismissal of claims for breach of fiduciary duty and declaratory, equitable and injunctive relief against Acme Building Brands Inc. but allowed claims to continue against Berkshire Hathaway Inc., which purchased Acme’s parent company, in an Employee Retirement Income Security Act suit over reductions in Acme’s retirement plans (Judy Hunter, et al. v. Berkshire Hathaway Inc., et al., No. 15-10854, 5th Cir.; 2016 U.S. App. LEXIS 12744). (Opinion available. Document #54-160810-001Z.) The...
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